Market valuation of top firms surges ₹59,404 crore during holiday-shortened week; Airtel and ICICI Bank gain big

Market valuation of top firms surges ₹59,404 crore during holiday-shortened week; Airtel and ICICI Bank gain big

The combined market valuation of seven out of the ten most valued companies surged by ₹59,404.85 crore during the holiday-shortened last week, with Bharti Airtel and ICICI Bank emerging as the biggest gainers, PTI reported. In the ranking of top-10 firms, Reliance Industries (RIL) maintained its position as the most valued company, followed by Tata … Read more

Stock Market: Half of Nifty 50 constituents, two-thirds of sectoral indices trade at premium valuation: Motilal Oswal

Stock Market: Half of Nifty 50 constituents, two-thirds of sectoral indices trade at premium valuation: Motilal Oswal

The Nifty 50 index has gained nearly 3% in 2024 so far, but the broader markets have outperformed the benchmark as the Nifty Smallcap 100 rallied 6.8%, while the Nifty Midcap 100 index surged 7.7% YTD. During the last twelve months, the midcap and smallcap indices have gained 65% and 78%, respectively, while largecaps have … Read more